Sesame Seeds (Market Information)
July 17, 2017 at 8:52 AM ,
Rainbow Exports
Sesame Seeds Market Report:
Nigeria Market Information:
Exchange rate is stable. China demand continues leads market upper side. Today, prices offered in the local market are higher by US$20per mt. than on Last Friday. All panic in the market is only due to less stock. In the view of few main reputed buyers, the prices will go up for another US$30 to 50 per mt.
TOGO/MALI/Burkina Market Information:
The price in the local market has gone up in last week. Today offered prices are up up by US$20 per mt. Due to less stock and continuous rain makes less supply in the market makes prices upward. Exchange rate is stable. Demand will continue from china for next 5 to 10 days. Mali market is also little higher Stock in Mali is very less.
Ethiopia Market Information:
Demand continued from china market which makes market to go up by US$50 per mt. ECX prices (online market) have also gone up only because of to demand. Today market prices has gone up today by $30 per mt. There is strong market sentiment makes more upward prices in next coming days.
Sudan Market information:
Exchange is stable. Local market prices are up due to demand from china market. Market prices have gone higher due to demand from china and due to Korean tender news.
Somalia Market information:
Market is high due to demand from Indian. The Somalia Sesame seeds are used for De-hulling Sesame so there is demand from Indian customers Last week due to Indian local crop prices has gone up.
Bangladesh Market information:
Local market is stable. There is not much movement in the market. It is mainly used for oil crushing. Over all oil market is stable so market is stable.
Tanzania/Mozambique:
There was demand from china but due to prices has gone up higher in one week it got stable today and will see the result of the Korean tender in one or two days and market will move up and down after Korean Tender award prices. There is damage of 20% crop people say from the local traders and exporters from Tanzania and Mozambique. Market is stable.
Indian Sesame Seeds:
Exchange rate is stable vs. Dollar. Local market is stable and people are waiting about the result of the tender. Once the Tender award prices will be announced market will up or down. Last week market has jumped a lot will makes people to wait for one or two day and see how is the market will move up or down.
Report on China:
Every day local port stock is getting reduced. There is less arrival of the cargo at port from all origin. Following reasons makes markets to move upward. Since last two days enquiries for prices has stopped due to prices has gone up so much higher in last 10 days. People are waiting for one or two days and will see how market will react this high prices and also Korean tender Award Prices.
- Stock has reduced from the port.
- Offer prices from all origin has gone up.
- If the Korean tender will awarded at higher prices then market will move up little.
- Port Stock (inventory) has reduced substantial in last few days.
- Domestic Sesame Prices are up due to heavy rains and new sowing has affected.
- Tanzania crop is little less about 20% than last year which makes prices to go up.
According to personal views Prices will be up stable or little up for another two three days. It should be stabilize in this week. If there will be uncertain reason then market can go higher by another US$40 to 50 per mt.
Tanzania and Mozambique prices will go up. It can move up by $30 to 40 per mt. in this week or coming week.
International prices will moves up by US$ 20 to 30 per mt. from this level.
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